Tag: Economic

A bigger-than-expected increase in U.S. consumer prices has put investors on high alert for more signs of inflationary pressure that could tilt the Federal Reserve toward raising interest rates.Several investors said the consumer price index report released on Wednesday was not enough to prompt the Fed to change its course. But the news, which fueled…

© Reuters. Summers Sees Signs of Scarce Workers as Harbinger of Inflation (Bloomberg) — President Joe Biden’s $4 trillion plans to overhaul the role of government in American lives is aimed at the right targets but risks inflation in an economy that’s recovering fast from the pandemic, said former U.S. Treasury Secretary Lawrence Summers. “I…

NEW YORK, May 3 (Reuters) – Fiscal support, along with vaccinations, is helping the U.S. economy to recover, but it is unlikely that the boom will lead to inflation that is unsustainably high, New York Federal Reserve Bank President John Williams said on Monday.The Fed’s goal is to anchor inflation expectations at 2%, and the…

An apartment building is seen behind an Edenor electric company power distribution plant in Buenos Aires, Argentina, January 30, 2017. REUTERS/Marcos Brindicci/File PhotoArgentina’s major power distribution firms Edenor and Edesur will hike electricity prices by 9% in and around the city of Buenos Aires, the national regulator said on Saturday, the first rise since a…

Please try another search EconomyMay 01, 2021 06:00PM ET © Reuters. FILE PHOTO: A man counts Venezuelan bolivar notes in downtown Caracas CARACAS (Reuters) – The Venezuelan government increased the monthly minimum wage by 289%, an official said on Saturday, moving from the equivalent of 64 U.S. cents to about $2.40 at the exchange rate…

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.Here are the best personal loans right now:Rates in this post are current as of 05/03/2021.Credit…

NEW YORK, May 3 (Reuters) – Fiscal support, along with vaccinations, is helping the U.S. economy to recover, but it is unlikely that the boom will lead to inflation that is unsustainably high, New York Federal Reserve Bank President John Williams said on Monday.The Fed’s goal is to anchor inflation expectations at 2%, and the…

Please try another search Economy13 hours ago (May 01, 2021 06:00PM ET) © Reuters. FILE PHOTO: A man counts Venezuelan bolivar notes in downtown Caracas CARACAS (Reuters) – The Venezuelan government increased the monthly minimum wage by 289%, an official said on Saturday, moving from the equivalent of 64 U.S. cents to about $2.40 at…

ISLAMABAD, May 1 (Reuters) – Pakistan’s annual consumer price inflation (CPI) rate rose to 11.10% y/y in April, the country’s statistics bureau said on Saturday, up from 9.05% in the previous month.Prime Minister Imran Khan has made several changes to his economic team in the past last month, aiming to bring in policies to control…

Antonio Horta-Osorio CEO of Lloyds Banking Group leaves Downing Street in London, Britain, September 2, 2019. REUTERS/Simon DawsonAntonio Horta-Osorio will need to draw deeply on the lessons he learned in turning around British bank Lloyds (LLOY.L) when he joins Credit Suisse (CSGN.S) as its new chairman on Friday.As one of Europe’s longest-serving bank CEOs, he…